You might have noticed your parents, or loved ones, need more help such as the house is uncharacteristically dirty; they are not eating properly; they are having problems with driving a vehicle; or struggling with payment of bills and handling investments. Everyone, including parents, fear the idea of losing control. Children are uncomfortable as well since they don’t want to appear or want to feel to be greedy or nosy. Therefore, it is important to
This is one of the most commonly asked questions I receive during “nursing home” asset protection consultations. The healthy, at-home spouse is often anxious and concerned about his or her spouse’s medical condition; many just assume that the life savings must be spent on the nursing home care, which undoubtedly feeds the anxiety. Transitioning from home to a nursing home is a very stressful situation for not only the spouse needing care, but also for
Every week I meet with clients who are concerned about their own, or a loved one’s,declining health. Sometimes, admission to a skilled care nursing facility is discussed as a next step because the family can no longer provide the level of care required to keep the loved oneat home. A skilled care facility can certainly provide a level of care that isn’t always possible at home, and there are times when that is the best
In last month’s article I discussed meeting with clients after a death of a loved one, and the process of gathering information regarding the decedent, and said person’s affairs. Once this information is obtained, the issue is whether or not to open a “probate” estate. The main purpose of a probate estate is to prevent fraud, notify creditors, pay decedent’s last bills and taxes/tax returns. The triggering issue is whether the decedent’s net (after liens,
Usually clients meet with us after a loved one’s funeral services are complete and clients are going through the grieving process. Unfortunately, financial and legal matters can not wait. Many clients have extensive knowledge and involvement; some have no information; either they were not involved or the loved one was private with their affairs. What needs to be done financially and legally really depends on so many factors. We provide a consultation, and meet with